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What the tax system doesn't respect is that my life might be better and more productive if I spent a year earning 200,000 and then took a year off, then if I wo
by waqf 7y ago
What the tax system doesn't respect is that my life might be better and more productive if I spent a year earning 200,000 and then took a year off, then if I worked a 100,000/year job the entire time.
- rory 7y agoYou can get around this by taking the year off from July through June (I've done September through March it worked well for me and my taxes) :)
- waqf 7y agoI thought someone would say that :), that's a combinatorial optimization that happens to work in the exact scenario I described, and assuming no further constraints. But you lose out if you instead want to do 2 years on 2 years off, or if your one-year employer doesn't want you to work July to June, or if your year-off plans don't work July to June, or any number of more complicated scenarios. My point stands that the system isn't designed to support this kind of irregular high-income work.
- deleted 7y ago[deleted]